Equities analysts predict that Telenav Inc (NASDAQ:TNAV) will report $51.74 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Telenav’s earnings. The highest sales estimate is $53.57 million and the lowest is $49.90 million. Telenav posted sales of $36.66 million during the same quarter last year, which suggests a positive year-over-year growth rate of 41.1%. The business is expected to announce its next quarterly earnings report on Thursday, November 1st.

On average, analysts expect that Telenav will report full year sales of $220.95 million for the current fiscal year, with estimates ranging from $217.00 million to $224.89 million. For the next year, analysts expect that the company will post sales of $267.10 million per share. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Telenav.

Telenav (NASDAQ:TNAV) last announced its quarterly earnings data on Tuesday, August 7th. The technology company reported ($0.54) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.59) by $0.05. The business had revenue of $16.62 million for the quarter, compared to analysts’ expectations of $15.58 million. Telenav had a negative return on equity of 109.70% and a negative net margin of 83.93%.

A number of analysts have weighed in on TNAV shares. B. Riley restated a “buy” rating on shares of Telenav in a research note on Monday, July 23rd. BidaskClub upgraded Telenav from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. Zacks Investment Research upgraded Telenav from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research note on Tuesday, August 14th. Finally, ValuEngine upgraded Telenav from a “sell” rating to a “hold” rating in a research note on Saturday, June 16th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Telenav has an average rating of “Buy” and a consensus price target of $8.33.

Institutional investors have recently bought and sold shares of the business. Prudential Financial Inc. raised its stake in Telenav by 12.4% in the first quarter. Prudential Financial Inc. now owns 96,335 shares of the technology company’s stock valued at $520,000 after buying an additional 10,660 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Telenav by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,285,015 shares of the technology company’s stock valued at $6,939,000 after buying an additional 17,675 shares in the last quarter. King Luther Capital Management Corp raised its stake in Telenav by 45.5% in the first quarter. King Luther Capital Management Corp now owns 64,000 shares of the technology company’s stock valued at $346,000 after buying an additional 20,000 shares in the last quarter. Vivaldi Asset Management LLC raised its stake in Telenav by 20.7% in the first quarter. Vivaldi Asset Management LLC now owns 329,150 shares of the technology company’s stock valued at $1,777,000 after buying an additional 56,401 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in Telenav by 193.7% in the fourth quarter. Deutsche Bank AG now owns 82,258 shares of the technology company’s stock valued at $451,000 after buying an additional 54,254 shares in the last quarter. Institutional investors own 52.36% of the company’s stock.

Telenav stock traded down $0.02 during midday trading on Friday, reaching $5.05. The company’s stock had a trading volume of 108,000 shares, compared to its average volume of 71,872. Telenav has a fifty-two week low of $4.50 and a fifty-two week high of $6.85. The stock has a market cap of $230.43 million, a PE ratio of -2.59 and a beta of 0.80.

About Telenav

Telenav, Inc, together with its subsidiaries provides connected car and location-based platform services in the United States and internationally. The company operates through three segments: Automotive, Advertising, and Mobile Navigation. It offers automotive navigation services, including on-board solutions, which consist of software, map, and points of interest data loaded in vehicles that provide voice-guided turn by turn navigation displayed on the vehicle screen; and mobile phone-based wireless connectivity and brought-in navigation services.

Featured Article: Trading Strategy Methods for Individual Investors

Get a free copy of the Zacks research report on Telenav (TNAV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Telenav (NASDAQ:TNAV)

Receive News & Ratings for Telenav Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telenav and related companies with MarketBeat.com's FREE daily email newsletter.